Daily Technology News

Technology News and Press Release Distribution Services

About US | Contact Us

Home | Technology News | Submit Press Release | Submit RSS Feed
Unlimited Press Release Distribution
Press release distribution service

IT News Media

ComputerWeekly
CIO News
PC World
MacWorld
InfoWorld
Tech Republic
Wall Street Journal Digital
ZDNet
Submit press release to these Tech media distribution list.

Technology News Releases

Industry 4.0 Market expected to be worth 152.31 Billion USD by 2022

 



(IT-NEWSWIRE.COM, May 25, 2017 ) According to the market research report "Industry 4.0 Market by Technology (Industrial Robotics, Cyber Security, Internet of Things, 3D Printing, Advanced Human-Machine Interface, Big Data, Augmented Reality & Virtual Reality, Artificial Intelligence), Vertical, Region - Global Forecast to 2022", the market was valued at USD 66.67 Billion in 2016 and is expected to reach USD 152.31 Billion by 2022, at a CAGR of 14.72% between 2017 and 2022. The increasing adoption of the industrial Internet and increased focus on efficiency and cost of production are the major drivers for the Industry 4.0 market.



Download PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=102536746



Browse 64 market data tables and 70 figures spread through 224 pages and in-depth TOC on "Industry 4.0 Market"

http://www.marketsandmarkets.com/Market-Reports/industry-4-market-102536746.html

Early buyers will receive 10% customization on this report.



Industrial robotics to hold the largest size of the Industry 4.0 market by 2022



Industrial robotics forms an important part of implementing Industry 4.0, as they improve productivity, reduce chances of human errors, and increase the production volume. The industrial robotics market was valued at USD 41.75 billion in 2016 and is expected to reach USD 81.47 billion by 2022, at a CAGR of 11.70% during the forecast period. Growing demand for vehicles, especially from developing countries, has encouraged automotive manufacturers and OEMs to opt for automation to increase production volume and meet market demand. This has contributed to the high demand for industrial robotics systems from this vertical. In April 2017, Tesla received a huge shipment of robots for its production line at its Fremont factory, Kuka AG (Germany).



Market for industrial equipment vertical to grow at the highest rate during the forecast period



Industrial equipment manufacturing comprises the production of various kinds of machinery used in defense, construction, or manufacturing applications. Some important processes for manufacturing these devices are stamping, bending, forming, and machining, which required to shape the individual pieces of metals. The market for industrial equipment vertical is expected to be valued at USD 22.79 billion by 2022, growing at the highest CAGR of 18.45% during the forecast period. The implementation of Industry 4.0 in this sector can help manufacturers in analyzing the machine conditions in advance to avoid unplanned downtime and wastage. Machine breakdown and unplanned downtime cause huge loss to industrial equipment manufacturers as they delay the production process. Thus, a need for preventive maintenance solutions is increasing significantly in this vertical. Industry 4.0 solutions offer predictive maintenance capabilities, which help this industry to save up to 50% on their maintenance cost.



Asia Pacific to hold the major share of the Industry 4.0 market between 2017 and 2022



Asia Pacific, comprising India, China, Japan, and Rest of Asia-Pacific, holds the largest share of the Industry 4.0 market. The APAC market for Industry 4.0 is expected to witness the highest growth during the forecast period. The major contributors to the Asia Pacific market are Japan and China. China has a huge potential in terms of Industry 4.0 applications and is also the fastest-growing market in Asia Pacific. Higher adoption of robotics in countries such as China, Japan, and South Korea is the major factor for larger shares in the Industry 4.0 market. The low cost of production enabling various manufacturers to set up manufacturing facilities is the key driver for the robotics market in APAC.



The major players in the Industry 4.0 market are General Electric Company (US), International Business Machines Corporation (US), Cisco Systems (US), Microsoft Corporation (US), Stratasys Ltd. (US), Alphabet Inc. (US), ABB Ltd. (Switzerland), Mitsubishi Electric Corporation (Japan), Intel Corporation (US), Hewlett-Packard Enterprise Company (US), Siemens AG (Germany), Qualcomm Inc. (US), Samsung Electronics Co. Ltd. (South Korea), Texas Instruments Inc. (US), Rockwell Automation Inc. (US), 3D Systems Corporation (US), Cognex Corporation (US), Basler AG (Germany), and Denso Group (Japan).



Inquiry Before Buying: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=102536746



About MarketsandMarkets™



MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.



Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.



MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.



Contact:

Mr.Rohan

MarketsandMarkets™

701 Pike Street

Suite 2175, Seattle,

WA 98101, United States

Tel: 1-888-600-6441

Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors

Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

Website: http://www.marketsandmarkets.com/





MarketsandMarkets

Mr. Rohan

1-888-600-6441

sales@marketsandmarkets.com

Source: EmailWire.Com



Technology News By Sector
  • Application Development
  • Big Data
  • Desktops
  • Cloud Computing
  • Data Centers
  • Mobile Computing
  • OS
  • Open Source
  • Security
  • Virtualization
  • 
    
    

     Sign-Up To Our Free Newsletter!  
    IT-NewsWire Newsletter
     


    
    
    
    
    Technology Marketplace

    Free Information Technology Magazines, Downloads
    Get free tech publications including magazines and white papers
    Amazon, Inc News Headlines
    Read breaking news about Amazon.com as reported by TV news anchors and summaries news articles from New York Times

    Free Computer Security Magazines
    Download or subscribe to latest IT Security publications -- free of charge.

    Microsoft News
    Microsoft financial and at Work: read news about MSFT hardware, software and services.
    Submit RSS News Feed.
    Have your feed on news, products or services displayed under this marketpalce. The feed is also displayed on a full page and updated daily. Add RSS feed Now!



    Press release distribution services: Submit press release to major media. Unlimited press release service

    For unlimited press release distribution for $99 per month, call (281) 645-4086 or start posting your press releases online at EmailWire.com.

    IT-Newswire.com is part of GropWeb Network, online properties of GroupWeb Media LLC. Copyright © 2013 GroupWeb Media LLC. All Rights Reserved.


    GroupWeb Media Network
    AfricaNewswire.Net | AppleNews247.Com | AsiaNewsWire.Net | Aviation-NewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | EuropeNewsWire.Net | iCameroon.com | i-Canada-News.Com | i-SoftwareNews.com | iT-NewsWire.Com
    | InvestorsNewsDesk.Com | i-TravelNewsWire.Com | LegalLaw247.com | Medical-NewsWire.com | MiningNewsWire.net | MoneyNewsWire.Net | Movie-Stars-News.Com | PayDayNews247.Com | PharmaNewsWire.Com | Publishing-NewsWire.Com | Shopping-NewsWire.com | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com |
    IT-NewsWire.Com - Newswire and Press Release service of GroupWeb Media LLC